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- US stocks jumped on Friday after a Goldilocks jobs report took pressure off of interest rates.
- The US economy added 150,000 jobs in October, shy of the estimated 180,000.
- The unemployment rate ticked up to 3.9% from 3.8%, and wage growth slowed.
US stocks surged on Friday, extending their week-long rally to 6%, after the October payrolls report showed some easing in the labor market that could give the Federal Reserve more breathing room on monetary policy.
The weekly gain registered by the S&P 500 and Nasdaq 100 represented the largest weekly jump of the year.